Home / Business and Economy / Jana Partners Buys 5.1% Stake in Alkami Tech
Jana Partners Buys 5.1% Stake in Alkami Tech
2 Apr
Summary
- Jana Partners disclosed a 5.1% ownership in Alkami Technology.
- The activist investor believes Alkami's shares are undervalued.
- Jana previously urged Alkami to explore sale options.
Activist investor Jana Partners has taken a significant 5.1% stake in Alkami Technology. This substantial holding, amounting to 5.4 million shares as of March 25, indicates Jana's belief that Alkami's stock is currently undervalued.
The investment by Jana Partners suggests a strong interest in the fintech provider for banks and credit unions. Earlier reports in November indicated Jana was already building its position in the company.
Furthermore, Jana Partners has reportedly urged Alkami Technology to actively explore strategic options, including a potential sale to a competitor or a private equity firm.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
